Chaiily registration numbcr.. 3(N)538 Falmouth and Penryn Unit of The Sea Cadet Corps An Linincorporaled ¢hai'iiy. AnnLial Report aiid Unaudited biit Independently Exaniined A¢coiints for Ihc ycai- cndcd 31 March 10?5 Comw'all Community Accountancy Scrvicc Thc F.111I5. 61 Cri'ccn Lanc Rcitruth Clini811 TR15 ILS
Falmouih and Penryn Unit of The Sea Cadet Curps Content Rcference and Adininistrativc Details... -I'rustccs' R¢port.....,.... IndcpcndcnLExamitLcVsrcport....................................................... Statement ol'Receiprsand Paynients............................... BdlaiiLtSlieet............. Notes to thc financial statemei)tb.... 8 to 10
Falmouth and Penryn Unit of The Sea Cadet Corps Reference and Administrative Details Charity name Chai'lty i'Lgistratlon number Falmouth and Penryn Unit ol The Sea Cadet Corps 30053¥ Regi8Lered in Lngland & Wal& RekFiStered offiLe 20 c.ommercial Rnad PcnryrL Comwall TRIO 8AQ 'I'rustces l Brook P Clay P Glover ITreasurerl L Child (nee Inch) (Appointed 2 Nov 20241 R Mcsorlev M Nixon Ichairl Isecretarvl (Appointed 25 Jul 20241 S Payne M Weetch Independent Examiner Andreiv Hany ICGMA) CornwRII CoD)munity Accountancy Scrvicc The Elms 61 Grccn Lanc Rednith TRIS ILS Pug¥ I
Falmouth and Penrvn Unit of The Sea Cadet Corps Tru?•tees' Report The tniilees prEseiit Ihtir repott and the linaiicial slateinents tor the year ended 31 March 2075 Objectives aThd aclivities To givc Joung pioplc Ihc bcst possible hcic d 8iail in lilc Ihrough niiuIIClc l advetLILire and fiLrn, bascd on Ihc Cusloms, ethos c1nd values ol'ilLe Royic l NaNy. Mle are passioijale aboul Iiivesiing in all voullg people. Ive ol'ler a uiiique mix ot aciiviiL¥5 ad experiences, deliverrd locally, IE8ioJially, iiationally <iiid Oftshore, whLch itnprove Iitr¥ cliances at %liool, iii work aiid for Ihe corninuniN. Our. trained and experieiiced volunieers aiid staft. bUPPCrt dnd deltvei. lurtllllb tlii-ou&ih Indl'iiiine adventure aiid cliall¢ii<i¢. Tlii'oub)li Iliis w¥ cat¢ a ts¢iis¢ Df rLL(IgJiiizLd qUdlifiLdli()ii%. wliiLli hLlp tIiLni 4LiZL d k.ttLI. fLltiirL. Achicvcments and pcrformgnce The charit). has continued lo grow Iluring this reportillg period. Cadet ana giatl'numbers remain ai capacity levels. The Helston enibiyo unit has ¢ODliiiued to &Jiuw, in botli Cadet aiid Staff leN'els. IEspoiidin&i to tlie deindiid in the Li?ai'd ai'ea of the Lounry. The ?0?4 tsuiniller boaElllbT sedsoii wai SU¢Leisful, Tiiakiiib7 full ui¢ of soine bytsud W¢tI]et' iiicliidinbT seiiding A% in past yLarn, our %uppi)rt fnT CIVIL LVLnLs', t()wn Latlllvdls, Mayoi-dl 3nd i)thtr PdfddL% hd.% l)LLn apprLLiatLd. Giiini% 2d %ub%LdiL.% bODlinuLd 10 itimL In diwing ihL rcporling pcriod. Tknc Royal NAvttl.l$8ocialion, Thc Royal Briiish [K0[L and the MJriiim¢ So¢i¢i) and Sed C'.<idcis: our percllnial supporLers. cop.iinued lo donaie. A&P Fiilmouth emplo)'ees chose us their cbclj'irv of LknuiLE toi titt]dTIL ising Iluouoh to111t 2025 FinAncial Revieiv Reserv ptsllry The reserves <?re tIll tor the purpose ot Cilrrvittg out the chRriils obje¢tii'e The majority ofthe res¢rves are inve51ed in a higli inteTesi IE5erye account. Mie Trnsttes consid¢r a mininiuni leNel of reserves 15 appiDpriate Future Plans Al the close ot. the reporting period, we coiitinue with nomal operations. Iviih regwlar boatiti&i eN'enings, beiidisig Cadels away to sed Otibodi-d Elic Corps. IdrgTr¢ vesselb. and ei)s?asiiig) with th¢ IoL&I Loiniiiutiity. W¥ &re In(Ikinui t¢)rwJdrd to gTI'owin&i thL HLl41(>ii unit tiTr tIiL IX)int wliLft It Laii %iJiid up (>ii its owll a nLV4' Lhai'iry. Structure* goi'ernance and m4nugement Recruitment and induttion of tl'115tees ThL friislL¥% oiri ulLLILd l)5 IhL mLmhLI-% ()f thL Lhurity &t it% Aiinii&l CILI1ld1 Mi¥tiiig. All Trii.4lknLS niu%t %tsnd ror rc-ilccLion cach yeat. Ne. fru%icc% arc Ilrovided M iih ai)propri&ic tratJ)ing and induLlcd iDiO thc ivorknng ol. Ihe charity. Pa8r 2
F&lmouth and Penryn Unil of The Sea Cadet Corps Trnstees, Report Organisatlon TS Robert Hichens. Falmouth & P¢nr)m Su Cadet Unit Ithe'unil"), is a m¢mb¢r of the Marine Society and Sea Cadet As%Ki#ti¢)n {the"Associ8tton"k under whose constitution it operates. The Association is a re8iSt¢red charity in England gnd Walts. registration nwnber 313013. The Unit is a registered charity in England and W81¢s registration numbcr ]¢5]8. The Unit is athninistered by the Unit Magem¢nI Team {UMTI and there shall be no less than 3 members. The UMT me¢ts bi-monthly". the meetin8s require one quaner of members to be present in order for thert to be a quorum. All decisions are tak on a majority vote, with the Chairman VIng the ¢&8tkng vote. The uKr ha5 daY-t{Y involvonenl in the running of the Unit. In the event th4t rhe Unli op¢rot¢s outside the Association's Tule5, the District Executive on behalf of the A&8ociation has the ri8ht &8SiSt with ihe Tunning of the Unit. Principal Powers of the Trnstees fiJrtheTance ofthe objects. but not otherwise, the UMI. may exercise the following p¢)wers when working towards the Charitys objectives: - To borrow and raise money- - To inve51 money not immediately required by the chartty: - To purcha8e. alter, improve and dr>se of the charity's assets: - To adrninistrr and mgna¥e the charity: - To undertake a trnd¢ or busine. Trustee Responsibilities Thc Trnsttts are responsible for keeping proper a¢countEng records that disclose with rewDable accuracy at any time the financial w)5ition of the charity and to enable ihem to ensure that the financial ststement4 comply with the clritieS Act 2011. the Companies Act 2006 and th¢ appli¢abl¢ Ststement of Recotnmended Pra¢ti¢e. The Trustees are also responsible for safeguarding the assets of the ¢h#rity and hence taking rtasonable steps for the prevention and detection of frdud other iC8]arities. there is no relevant infonnation of which the charttable cornpary's independent ex8rniner is unaware. and the trysi¢es h4v¢ taken all steps tha( they ou8ht lo have taken as trustees to m8ke then7selves aware of any relevant inf0mtion md establish that the tnd¢p¢nd¢nt examiner 15 aware of that information. Approved by the Board on 21st October 2025 and signed on its behalf by." Nixon Trustee
Falmouth and Penryn Unit of The Sea Cadet Corps Independent Examiner's Report I repoit on Ilie aLLounts ul.tlie Loinpany for the ycar rn(led 31 MarLh 20?5 whicli urc sct out un page% 5 10 1 O. Respective responsibilities of. trustee8 and examiner The trustees (who are also the directors ot-the company foi. the purposes of company law) 'C I'esponsible foi. tlie preparatiot) of tlie a¢coiii)ts in accoi'dance with the requireiiients ot the Cliarilies Ac(2011 I'thc 201 l Acl"). Thc (TU4tccs con.£idcr tl)al an audii is not rcquircd for Ihis ycar undcr &ection 144(?) ul. tile 20I l Act and t])al an inclepenclenl CX¢llnination is nccdcd. Having qaii%fied myself Lhal Lhe charily is nol $uhjecl t audil under charily laii, and is eligible for indepeIident examination, it is my responsibiliry lo.. examine Ihe accniin18 under 8eclion 145 of ihe 2() I l Acl.. rolloiv the procedures laid down Ihc General Direclionb given by the Charity Comillission under 5eLtiun 145151 Ibl uf Ilie 2011 ALt' anil state whether P¢lrtlLular Iiiattci's have Loinc to Iiiy <itt<nCion. Basis ol. indcpcndent cxamincr's rcport Nqy exaniiiiaiiÉ)i) ean'ied DLII iii accoi'dance wilh Ihe Creiieril Dii'eclinns gii'en by ilie Cliai'ily Lommission. An Lxaminiilion includcs a I'LVÉCW of thc accounlillg? rccords kcpt by IFLC charity and Luiiiparibun uf tlic dLLULllItS Pl'¢SLllted witli thos¥ I'vL(Ii'(Is. It ¢1140 iii¢liid¢s 1o11siderdtiun i)f (Iny Linuqual iicm% or disclosui'cs in Ihc accouni8, and .sccking cxplanalians fmm ynu as Iruslccs LUIILcnijIi¥ dlly SLILki mitlltti"s. Thtt proL¢(Lur¢s unLLcL'l£iken do not proviile all the evidellcL' Ih(Ll IVOLLILI be I'eqiiired iii ai) aLidit and eonseqiiently no opinion i.s given as lo wlietl)er tlie accoiints pi'esent a 'truc and fdir vicTh and thc rq)ori i.s limiicd to Ihosc maiicrs 8c( out in Ihc slaicmcnl bclow. lThd¢p¢ndcnt cxamlncr's statlmcht In conncctiorl with my cxamination, iio matlcr has comc lo my attcnlioii.. l ) whicli giv¢s in¥ f¥aSOlidbl¥ LilUS¥ tv b¥li¢ve that iii aiiy Imdteridl rebpeLI the requireineiitS-. o to keep (iccountinT I'eLords in aLLordLuice wilh section 130 of the 2011 Act,. aiid o tD prcparc <1ccounts -(ch (iccord iviih thc &ccounlinu rccords, comply iviih thL merhods 1¢ nd i)I'incii)le% i)r Llie 8LaLeiiieni nf Recoiiiiiiended PracLice= AccaunLing and Lieporlin8 by ChariLies have not bLcn met-, 2) or lo which, in rny opinion, aiiention Should bc dralvn ill ordcr lo cnablc a proE)cr undcrstanding of th¥ dLLuunts tu b¥ i'¥¢iLlic(L. 21 Aiidreiv Hdny Clidltered Geiier¢il NJldlldg¥iii¢nt ALiuuiit ComTh'all Communiry AcLounldncy ScTViCC The Elinb, 61 (iLY¥n Lcine, Rediwih, C.ni'nivall -I'R15 1 L8 r)dt¢:
FaImouth and Penryn Unit of The Sea Cadet Corps Statement of Receipts and Paymellts rnr the year ended.11 Nlayeh 11)25 Re5trieted inenme fltndi 21)25 Unreltrieted fund.% 2025 Total fund 2025 Pyior year lunds 2n24 Income and endDwm¢nts from: Dondftoiis dilrllÉg&cics.' -eg)acies aii(I bequttsls Appeals and donauons (Titl.4id lax reclaimed 5,000 i,01)O 7,823 7.823 6.954 6YI 13,924 13,9?.4 Cliariiable tsciivirits lif1< nts MS6L. Taiii7er Plioeiii% Fuiid Gtislin& F'uuiidation 4,!¥6 4.586 2.607 2,000 Prini¢try Purp*$e Trndlm.' SubscripiioDS tc¢ii'¢d Unifom Ttaiel F¢¥d Iji TIL ritf Sundrv Viciuclls 4.103 5.198 20 21) SUC) I,IS5 625 125 SQ 558 1,196 48 4U8 1,155 62 12) 6.617 7.086 13,70) Yiive6lm¢pi£¥.' Inicre51 on cas LiJcibiL5 2.936 .)36 2.B37 2.936 2.936 2.%37 Oihey.. IncDmc frnm.%alc nfa%8el 1,425 1,425 ToiullnLonie tiKdEndowipien15 24.902 7,086 31,988 22.347 Expenditllre on.. Charitsble 4LLtivitiei'. Dlrect costs Boatinu Expcnsc Loiirses & Vovk)ge Jullior SatEllile Tr&inin¥ & Trawel 1.127 734 1.127 734 728 6,691 1,417 651 728 60 60 324 Uniforni L<1re RefLU]ds ViLtu414 60 60 39 166 2.U83 72ti 2,¥IL 'J,288
Falmouth and Penryn Unit of The Sea c.adet Corps Statement of Reeeipts and Payments Restrlcted irtcnme Uni'e$tricted Pi'inr year funds 2025 2025 2025 20?4 Suppurt L05ts Rent & Ratcs Lighi. lieal and power Iiiiuraitce BuilditLg Rtpairs and maiiitett£llice Telcphi)nc and la.K Pi-iiitiiig, post2bl¢ *iid tstatioiieiy SubscTiprions ClIAritable clonarioi)s Sundry eypeiiies 0ed vehicle expenses 6¥4 4.118 2,744 684 4,11 78l 4.321 3,992 6,112 470 6,582 6.25$ 447 447 330 330 iyo 1.470 1,470 475 2,418 2,41 2,079 Toi<11 Supporl C'.osls 18.593 470 19.063 l ¥,S62 Govei-nance Custs The dudit or independent exllminalion ofthe chariiy'8 accniints 325 325 28 "l otsl GuwLTlldnLty Cust5 'I'utal ChMritabl¢ LKp¢nditure 32) 21.001 325 -19X Tolul 21.001 1.1914 22,lYY 28.43rJ Net inc¢Jmtl{expendilure} 3,901 9,789 15,88)) Lapilal equÉpmeiii Cai)iol bc)at i)urchase -Neteu.%h .Fiipplii.¥ /{defieil) ReLO?EL'ili&ftoii oJfuiEdy.' Tliul Ld%h fuiid% hi'i)IlbTlIt TfJfttlLd.4kfiind.i L'iirried jijmard 2,755 995 3.495 3,539 3.388 15.R831 59.93 6().534 72,417 60,089 9.984 70.073 66,)34
Falmouth and Penryn Unit of The Sea Cadet Corps Balance Sheet As at 31 March 2025 2025 2024 Note FiI¢d A&q¢ts Tangible Assets 116,882 116,882 121,120 121.120 Currellt Assets Cash at b)k and in hand 70,073 70,073 66,534 66,534 Creditors: Amounts falling due within olle year (560) (325) Net current &et$ 69,513 TotAI les8 ¢urreDt liabilities 186.395 187,329 Net aetS 186395 187329 The funds of the charity: Restricted funds ,084 92,193 Unrestricted lullds Other reserves Unrestricted income funds Total unrestricted funds 6,000 90,311 6,000 89,136 96.jll 95,136 Totsl charity funds 186395 187329 roved by the Board on 2 1st October 2025 and signed on its behall" by.. M Nixon Trusiee Page 7
Falmouth and Penryn Unit ot. The Sea Cadet Corps Note5 to the Accounts A¢¢oundng pollele8 Bas15 of 4ccountlng The financi&l statemenis art prepared on a I"eceipts and payrnenLs basil a.4 TS pemitled fDr charities INiih ali illLDine b¥luw L"iO.000 by the Co1]niS¥lo11. This li)r prepat'lLI the dLLvullis is Jiut dcsiglled ts) shi)Il' a true and lair wiellp ot. thc charity% financi&l actllrity and position. Thc linancial siaL¢111ciiiS arc prcparcd in sierling which is lh¢ fuiiciional ¢ui'rcncy ol- Ihc ¢hariiv. Monetary amnunt# in the.ge fiiianLial %laremeiits are ri)iinded to the iiearest L. 1.2 ChungL Lll ol aLCOUlitin¥ ur lu prLTriuuy #LLount¥ There hlls heeii n(I change ID the llccoiiiitiiig p()IiciES (valuatTnn rule% and meihfjd Llt. accounting) .since l¥st yLdf alld ntj Lhdnii¢s liavL bLLll dL to dLiuunts for pi'L¥iOUS yLars. 1.3 Fund aecouhdng policy Unr¢sLrictcd incomc funds arc gcncral lunds thal arc availablc for usc aL ihc LrusLccs' discrclion in furtJiei'anLe of the objeitives uf the Lharily. Desiglldred tunds df¢ dInuutits thdt dl"t Jlluiated tor speLitIL PULposes by the LI]¢tY i15ell'. Rcblricicd IndS arc Ihos¢ donaicd foi. usc in a pariicular arca OT lor specific putposcs, Ihc usc of which is restricred tn that aiea i)r Pue. Rev¢tluatioii fundb dre iinresrriLied fillids ivhibh inLlude a revalu<ttioii resetve reptYsenri114 tli IcsiaLLlncni ol. ini cblTncnL asscis at thiir markcL valuL. Tan%ible lixed assets and depreciation All asscts coslinTr morc ihan ££OU arc ¢apitaliscd. Tangiblc fi¥¢d assc16 arc sialcd al COSL Icth dcprcbialion. t)cptccialion is proviclcd on all Lon&yiblc f1X¥d asscls al ralcs calculalcd lo ivrile oif the cost I¢sb estlllldled ie%idiidl Viilu¥ of eacl) aet ovei. ir.% ¥xpecled ii%eful life, whicli 14 i'eitieived aJ)nuiilly. Tl)e l'aws uscd ai'c as lolloivs".- l.cas¢hold Piopcrly - ov¢r th¢ r¢maining lifc of lh¢ Icasc Buat IOQ/ii btrdighi liJ] Moior Vchiclcs -la'/o straight linc E4uipinei)t .IOU/o Stl-411¥lit lili¢ Taxation I'hc ¢hari(y is cxcmpt from ¢orp)rkJtitsn tax on its chariiablc aciiTr"itics. Tru$tee$' rewrTuneration and expense5 TrutstLLb L'L¢bilLLL tlo I'LIIIUIILI'atioii or '[iLtLt in lun£L (lurillLI thL I'Ldl' (2V24 - £pijll
Falmiiuth and Penryn Unit Df The Sea Cadet Corp Notes to the Accounts J Tallglble a55eli LAnd ai) Byildinus I¥lt(>r Irehi¢le$ Boats BoAtg Tolil Cost A% al l April 2D24 171)n4 13,50 29,559 43,514 257,777 t)isp05als As at il Marcli 2025 171,204 13,51)0 32.314 47,009 264,027 Dtpretiailon As ar i ,IpLiI:Q24 Charge for tlie )ear 5,400 1,350 39,430 1.144 136,657 10,4,%8 788 As ut I l March 2112$ 74,4XI 2£,1411 4D,$74 147,14. N¢t Ilook l-alue A% 211 l March 2025 A% al 31 MarLh 71124 6,974 6.435 4.IIX4 116,8S2 4 Credilor$'. 4mJDnt5 fallinx rtue iilthln one year 21I2.S Accrual> ld dEfcnrd ill¢oft $60 325 560 32$ 5 Analy515 ollund5 InlMIn# R¢suurie¥ Ilprll 2024 Ilesaurccs xptllLltd c.ash -4$ at 31 2025 R¢stricted Funds tluildin&¥ tl¢pJir 4¥.797 8.100 777 5.92(1 46.684 6.75U (L,i50) 1363) 16581 Boat Purc¢5 Fujid Galle)-RefurbishmenE 14701 4.798 2.Ih% ij 17.067 636 6,748 H(EL & Shoivci 14,8451 14521 -,2111 Aviva Itojeci .leity Wi?rk. OthLr 6.748 2.2x6 2.2If ,847 92,193 7,OS(I 17,9971 9D.t)84 Cencr21 Ullre%kicled fimd% ¥9.li6 24.902 121.OLIII D¢slgnAtcd fuNd5 6.000 6.000 I'oial Lnrcbtrieicd fuuds 95,136 14,902 ?I,001) 14.7?6) 96.31L 187.329 22.199 1 ¥6.)95 Prt9
Faltni)uth and Penryn Unit (if The Sea Cadet Curps Notes to the Accounts 6 Nlt assct9 by futtd Uuregldcled fvnds Resiritltd Pritsi. Year Tot%1 TJngibl¥ In%eiltnenL CuJTenr assets Lri due wiiliui trne year cLi110r.. Ainoiiiits fdllin¥ due afLer mÉ)re Ihan year NL't A.SSL't% 116,XX2 116,XX? 91Tr,V84 7U.073 66.534 {560) (5601 90,IIX4 186,39.) IX7.-329 Pigt 10